Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 施康教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.jinteco.2013.11.010 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/0WOS source URL
其它资讯
摘要This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra-temporal trade into an intertemporal trade approach of current account. To do so, we consider a dynamic general equilibrium model with tradable sectors of different factor intensities, which allows for substitution between intertemporal trade (current account adjustment) and intra-temporal trade (goods trade). An economy's response to a shock generally involves a combination of a change in the composition of goods trade and a change in the current account. Flexible factor markets reduce the need for the current account to adjust. On the other hand, the more rigid the factor markets, the larger the size of current account adjustment relative to the volume of goods trade, and the slower the speed of adjustment of the current account towards its long-run equilibrium. We present empirical evidence consistent with the theory. (C) 2http://aims.cuhk.edu.hk/converis/portal/Publication/013 Elsevier B.V. All rights reserved.
着者Ju JD, Shi K, Wei SJ
会议名称36th Annual Meeting of the International-Seminar-on-Macroeconomics (ISoM) of the National-Bureau-of-Economic-Research
会议开始日21.http://aims.cuhk.edu.hk/converis/portal/Publication/06.2http://aims.cuhk.edu.hk/converis/portal/Publication/013
会议完结日22.http://aims.cuhk.edu.hk/converis/portal/Publication/06.2http://aims.cuhk.edu.hk/converis/portal/Publication/013
会议地点Rome
期刊名称Journal of International Economics
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/014
月份4
日期1
卷号92
出版社Elsevier
页次S36 - S51
国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/0http://aims.cuhk.edu.hk/converis/portal/Publication/022-1996
电子国际标準期刊号1873-http://aims.cuhk.edu.hk/converis/portal/Publication/0353
语言英式英语
关键词Current account; Intertemporal trade; Intra-temporal trade; Labor market rigidity
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
